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Showing 101 - 110 of 296 results for "Performance fees"

Magellan profits dip

KANIKA SOOD  |  TUESDAY, 17 AUG 2021
... said in the annual report. "We therefore draw shareholders' attention to the change in profit before tax and performance fees of our funds management business. This increased 10% to $526.6 million... which was broadly in line with the growth in average ...

New equities LIC heads for the ASX

KANIKA SOOD  |  MONDAY, 16 AUG 2021
... listed funds. Lanyon said it has formally committed to reinvesting 100% of the after-tax value of management and performance fees to purchase shares on the market, if its LIC trades at a discount. "This means that if any month the company trades at a ...

Pendal open to more acquisitions

KANIKA SOOD  |  FRIDAY, 23 JUL 2021
... underlying profit after tax $82.6 million in the half-year ending March. It was a beneficiary of strong markets, good performance fees, and net inflows. The TSW acquisition increases its FUM by about 30% to over $132 billion. The company expects earnings ...

BlackRock hits US$9.5tn milestone

KARREN VERGARA  |  FRIDAY, 16 JUL 2021
... reported a 32% jump in revenue year-over-year, indicative of significant market gains, organic growth, higher performance fees and 14% growth in technology services revenue, Fink said. Total revenue stood at US$4.8 billion ($6.5bn), while net income ...

Pendal FUM up $5bn

KANIKA SOOD  |  THURSDAY, 15 JUL 2021
... outflows of $0.7 billion were mostly from lower margin cash after Westpac transitioned out its mandates. It realised performance fees of $16.4 million during FY21, which is 29% higher than FY20. In Pendal Australia, wholesale channel flows remained positive ...

Outflows at Magellan

KANIKA SOOD  |  THURSDAY, 8 JUL 2021
... ended the June quarter with $113.9 billion in total FUM, up from $106 billion at March end. It is estimating performance fees of roughly $30 million for the 12 months ending June 2021, which is significantly lower than $80 million for the year ending ...

SG Hiscock introduces medical tech fund

JAMIE WILLIAMSON  |  TUESDAY, 29 JUN 2021
... establish a registered charitable foundation that will be funded by 10% of the fund's net revenue, including performance fees.

Pendal to acquire US firm, profit climbs

ANNABELLE DICKSON  |  MONDAY, 10 MAY 2021
... market movements and investment performance with 83% of FUM outperforming respective benchmarks over one year. Performance fees were up $40.5 million to $41.1 million and Pendal recorded $900 million in flows over the half, as previously recorded in ...

HGL acquires Supervised Investments

ELIZABETH MCARTHUR  |  FRIDAY, 26 MAR 2021
... provide a "small base" and capability from which to grow and to derive both base management fees and investment performance fees. "It is intended that the investment /funds management division will grow to become a core contributor to future profitability ...

Magellan performance fees dip 70%

KANIKA SOOD  |  THURSDAY, 11 FEB 2021
Magellan reported a small increase in its net profits, despite a 70% drop in performance fees and a stronger Australian dollar. Net profit after tax for the six months ending December 2020 was $202 million, up 3% from the same period in 2019. Total ...